Paraguay's new president vows to recover pension funds at risk in Ueno Bank crisis

Pedro Alliana, Paraguay's new president, prioritizes recovering pension funds affected by Ueno Bank's intervention, which has caused significant unemployment. The crisis led to Santiago Peña's impeachment and has endangered around $800 million in public funds. Alliana aims to protect citizens' savings and expedite compensation, with 1.74 million depositors already receiving $330 million in payments. However, the guarantee scheme limits recovery amounts, leaving many uncertain. The banking crisis has resulted in job losses for up to 7,000 individuals across several countries, highlighting the widespread impact of the financial turmoil.